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$3.7 billion Copper-Gold-Molybdenum-Silver Deposit Project planned for Schaft Creek, British Columbia

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by Journal Of Commerce

A $3.7 billion mining project in Schaft Creek, British Columbia has nearly completed the feasibility study stage and is in the pre-application phase with the British Columbia Environmental Assessment Office, as well as the Canadian Environmental office.

A $3.7 billion mining project in Schaft Creek, British Columbia has nearly completed the feasibility study stage and is in the pre-application phase with the British Columbia Environmental Assessment Office, as well as the Canadian Environmental office.

Copper Fox Metals Inc., the Calgary-based owner of the project, is in negotiations with the Tahltan First Nation and the Tahltan Heritage Resources Environmental Assessment Team.

Initial start up and construction costs are estimated to reach $2.9 billion.

The mine will consist of several structures, including a processing plant, a water reclamation system, an ore stockpile and crusher, and a tailings storage facility.

There will also be a 2,600 metre compacted gravel airfield landing strip, a terminal building, fueling facilities and a small maintenance building, as well as a permanent work camp for 700 employees, warehouses and storage, and water treatment and potable water storage.

A new road will also be built from the existing Galore Road, which will be about 39.5 kilometers to the Schaft mine, and a proposed 287 kilovolt electrical power transmission line from Bob Quinn Lake is also in the works.

JOC DIGITAL MEDIA

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